Washington Financial News

04.05 / 15:33

Fighting approved U.S. Businessman Ajay Banga Approved to Lead World Bank

WASHINGTON—The World Bank’s executive board approved Ajay Banga as its next president on Wednesday, putting the India-born American businessman in charge of an effort to expand lending capacity and fight climate change.

04.05 / 15:33

Reserve Federal Reserve Raises Rates, Signals Potential Pause

WASHINGTON—Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday.

04.05 / 12:31

vice chair White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for Board

WASHINGTON—President Biden is close to nominating Federal Reserve governor Philip Jefferson to serve as the central bank’s second-in-command and Adriana Kugler, an economist and top World Bank official, to fill a vacancy on the Fed’s board, according to people familiar with the matter.

04.05 / 12:31

Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.

04.05 / 12:31

UPS Fallout Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates

WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow the seeds of a future crisis.

03.05 / 19:53

Policy Crypto Policy Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy

The Blockchain Association is moving out of New York.

03.05 / 18:15

vice chair White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for Board

03.05 / 18:15

UPS Fallout Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates

WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow the seeds of a future crisis.

03.05 / 18:15

Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.

03.05 / 16:21

Fighting approved U.S. Businessman Ajay Banga Approved to Lead World Bank

02.05 / 17:37

Cooper House Democrats Try to Force Vote on Debt Ceiling

WASHINGTON—House Democrats took a step to force a vote on a debt-ceiling increase using a legislative maneuver that could allow them to go around Republican leaders if they can win a handful of GOP votes.

02.05 / 11:25

Biden Secured Trillions in Domestic Spending. Now Comes the Hard Part.

WASHINGTON—President Biden is reorienting swaths of the federal government to focus on implementing the sweeping legislation he signed into law in his first two years in office and directing his senior advisers to guard against the waste and fraud that have bedeviled previous government programs.

02.05 / 11:25

Target Support FDIC Signals Support for Narrow Changes to Deposit Insurance

WASHINGTON—Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments, the Federal Deposit Insurance Corp. said in a report Monday.

02.05 / 11:25

Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.

02.05 / 11:11

UPS Manufacturing ‘Double Tax’ Hinders Taiwan’s Investment in American Factories

WASHINGTON—Bowei Lee’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as they seek to shore up chip supply chains and boost domestic manufacturing.

02.05 / 11:11

UPS Fallout Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates

WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow the seeds of a future crisis.

02.05 / 10:03

vice chair White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for Board

01.05 / 22:23

UPS Fallout Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates

WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow the seeds of a future crisis.

01.05 / 22:23

UPS Manufacturing ‘Double Tax’ Hinders Taiwan’s Investment in American Factories

01.05 / 21:53

vice chair White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for Board

WASHINGTON—President Biden is close to nominating Federal Reserve governor Philip Jefferson to serve as the central bank’s second-in-command and Adriana Kugler, a Latina economist and top World Bank official, to a fill vacancy on the Fed’s board, according to people familiar with the matter.

01.05 / 18:33

Target Support FDIC Signals Support for Narrow Changes to Deposit Insurance

latest developments in Washington

What is the current situation in Washington?

In Washington, the spotlight is on socially significant developments that impact the interests of residents.

Where can I find reliable news about Washington?

We publish reliable reports about the situation in Washington, based on information from official representatives.

What shapes the media agenda in Washington?

The news landscape of Washington is shaped by the region’s internal dynamics, reflecting its unique context.